Chicago (Dec. 3, 2012) — Exelon today announced that it has completed the sale of its three Maryland coal-fired power plants to Raven Power Holdings LLC (“Raven Power”), a new portfolio company of Riverstone Holdings LLC. The sale fulfills Exelon’s commitment to divest the plants as part of its merger with Constellation. Under the agreement announced Aug. 9, 2012, Raven Power will maintain jobs with comparable pay and benefits for employees at the plants.…
Continue Reading...Houston, New York, Tulsa (Sept. 5, 2012) – Sage Midstream, LLC (“Sage”) announced today that it has partnered with investment funds affiliated with Riverstone Holdings LLC (“Riverstone”), an energy and power-focused private equity firm, and Kaiser Midstream (“Kaiser”), an oil and gas midstream services company owned by George B. Kaiser, to form a new company with up to $500 million of equity commitments. Sage will pursue natural gas liquids (“NGL”) related midstream opportunities in North America’s liquids-rich production plays.…
Continue Reading...Austin and New York (Aug. 13, 2012) – Riverstone Holdings LLC (“Riverstone”) announced today that it has invested in Three Rivers Natural Resource Holdings II LLC (“Three Rivers II”), a new private upstream oil and gas company based in Austin, Texas. With this support, Three Rivers II executed a definitive agreement to acquire certain assets located in the Permian Basin of West Texas from Meritage Energy Company, LLC (“Meritage”). These properties include 15,000 net acres with current production of approximately 1,900 barrels of oil equivalent per day located in Howard, Glasscock, Martin, …
Continue Reading...Chicago — Exelon today announced that it has reached an agreement to sell its three
Maryland coal-fired power plants to Raven Power Holdings LLC (“Raven Power”), a new
portfolio company of Riverstone Holdings LLC, fulfilling its commitment to divest the plants as
part of its merger with Constellation. Under the agreement, Raven Power will maintain jobs with
comparable pay and benefits for employees at the plants.…
(July 20, 2012) – Riverstone Holdings will invest up to $500 million in Meritage Midstream Services II, a newly-formed company focused on natural gas gathering, transportation and processing in North America.…
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